B. Riley analyst Ryan Pfingst raised the firm’s price target on Eos Energy (EOSE) to $12 from $8 and keeps a Neutral rating on the shares. The firm updated the company’s model post the earnings report. Riley awaits progress on further margin improvement and the ramp of Eos’s first two lines at Turtle Creek in order to become more comfortable around the stock’s valuation.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EOSE:
- Eos Energy’s Earnings Call: Growth Amid Challenges
- Eos Energy Reports Record Revenue Amid Strategic Growth
- Eos Energy Enterprises: Balancing Growth and Challenges Amidst AI-Driven Expansion
- Eos Energy reports Q2 adjusted EPS ($2.77), consensus (14c)
- Eos Energy narrows FY25 revenue view to $150M-$160M from $150M-$190M